THE FUTURE OF THE UNITED KINGDOM OUTSIDE THE EUROPEAN UNION

POPA Cristina Elena, Lucian Blaga University of Sibiu

Abstract:
Being a EU member comes with a lot of economic benefits, but with the political cost of giving up some sovereignty. The majority of UK citizens considered the sacrifice too big and on June 2016 voted for UK’s exit from the EU. As the EU is the main commercial partner of the UK, the Government will focus its energy to ensure the best possible outcome for the British people in the negotiations. The separation process is complex, will take years to finish and nobody may know for sure what will be UK’s future outside European Union.

Keywords: Brexit, European Union, referendum, single market, trade agreement

JEL Classification: F13, F15, O52

Volume: 68, Issue: 6

Pages: 118 - 132

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68610popa.pdf

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